Standard Life mulled money market alternative

In email correspondence between the life insurer and adviser Graeme Mitchell on 9 October, a senior product analyst says: "I will put forward this matter for consideration". Mitchell, managing director at Lowland Financial, had asked Standard Life why there wasn't a safer money market option available after the Sterling fund's value began to dip in late September. The vehicle would go on to lose 4.8% as a result of its exposure to "toxic" mortgage-backed securities, even though 97,000 investors, who have since been told they will be fully compensated, were told their money was held prim...